Several years ago, Nicole Company issued bonds with a face value of $1,000,000 for $945,000. As a result of declining
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Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...
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Financial Accounting
ISBN: 978-1259222139
9th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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Question Posted: August 01, 2016 14:03:40